Multiple Managers Sample Clauses

Multiple Managers. If at any time AVGF shall have two or more Managers, the authority to act on behalf of AVGF, any management fee, and the Promoted Interest shall be allocated among such Managers in such manner as such Managers shall determine among themselves without requiring the consent of the Members.
AutoNDA by SimpleDocs
Multiple Managers. If there is more than one Manager, the following provisions will be interpreted in conjunction with the preceding subsections of this Section 6 and will supersede such provisions in the event of conflict.
Multiple Managers. If more than one Manager is appointed under the terms of this Operating Agreement, then each Manager may act independently and with full authority unless a conflict arises among the Managers. In the event of any conflict among such Managers, then each Manager will be entitled to an equal vote on the matter and a majority of votes will be required to resolve such conflict.

Related to Multiple Managers

  • Subcommittees Unless otherwise provided in the Certificate of Incorporation, these bylaws or the resolutions of the Board designating the committee, a committee may create one (1) or more subcommittees, each subcommittee to consist of one (1) or more members of the committee, and delegate to a subcommittee any or all of the powers and authority of the committee.

Time is Money Join Law Insider Premium to draft better contracts faster.